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HackingLawyer - 3:03 am on Jan 2, 2003 (gmt 0)
From what I am seeing Google seems to have long term prospects. However, this is only a Guestimate. The Frugal will buy Google cautiously with an eye toward long term prospects.
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It just depends if Google turns on some of these revenue streams before or after an IPO. If they do it before to jack up the initial offering price, it might be a bad buy. However, long term, only amazon shows so much promise.
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If Google shows no promise over the long term then it simply is not a good investment. Short term is simply to speculative. The IPO will probably be very successful and the price produce PE multiples that will factor in lots of future growth.